Recovery on Water Inc

Analysis

Recovery on Water Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Recovery on Water Inc reported income of $534k and spending of $472k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $680k to $534k (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovery on Water Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Cancer Support Services Inc ($534k), McDonough District Hospital Foundation Inc ($534k) and Yuan Tze Ren Xue Center Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $83k (17% of expenses). Other salaries and wages came to $85k. At year end it held assets of $799k against liabilities of $219k, net assets of $580k. It reported 6 employees.